ACG Materials, headquartered in Norman, Okla., acquired Art Wilson Co. (AWC), which mines, processes and markets anhydrite, gypsum and limestone products used in agricultural, industrial and commercial applications.
AWC, which serves customers across Nevada, California, Washington, Oregon and Idaho, owns and operates a quarry and downstream production facility in Carson City, Nev., with additional nearby reserves under development.
“We are excited about the continued expansion of our operations into the Western U.S.,” says Paul Harrington, CEO of ACG Materials. “Art Wilson Co. not only allows us to acquire the market leading supplier of agricultural gypsum serving California’s Central Valley and surrounding areas, but also broadens our customer footprint, product portfolio, and end market diversification.”
ACG Materials is a portfolio company of H.I.G. Capital, a global private equity investment firm that specializes in providing debt and equity capital to small and mid-sized companies. Keval Patel, managing director at H.I.G. Capital, expressed the significance of the acquisition in regard to ACG’s expansion.
“We are pleased to support ACG Materials in its acquisition of Art Wilson Co.,” he says. “The acquisition further bolsters ACG’s business on the West Coast and also aligns with our strategy of diversifying ACG’s geographic reach and end market exposure into value-added downstream processed minerals.”
Founded in 1955, AWC is the fifth add-on acquisition that ACG has completed since H.I.G. Capital acquired it at the end of 2012. It mines, mills, processes and distributes minerals and aggregates including gypsum, anhydrite, limestone, and sand and gravel out of 20 locations throughout Oklahoma, Texas, Kansas, Nevada, Washington and British Columbia.
